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the sequester deadline down the road. to win them over he offered a package of spending cuts and more tax increases. how was that playing on capitol hill? here's ed henry. >> warning the nation's economic recovery hangs in the balance, president obama prodded congress to stop a series of massive spending cuts that could threaten national security urging them to come up with a short term combo of lesser spending cuts and tax increases beyond what he signed at the end of december. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package. >> president says the sequester puts hundreds of thousands of jobs in jeopardy from classrooms to the pentagon and defense lie lockheed martin which announced hundreds of layoffs. mr. obama said damage can be stopped if john boehner accepts the white house's final offer from december, meaning up to $600 billion in more tax hikes through cutting deductions, and cuts to medicare and other programs. >> my healthcare proposals achieve the same savings by
believe that they should at least pass a smaller package of spending cuts and tax reforms. >> a smaller package. because you can't get a deal done in time? so of course, it's not the first time washington has kicked the can down the road. we know that. remember when we first heard about sequester, that bizarre word that is now part of the lexicon? it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman from nyu school of law, and michael medved, co
>> we'll talk about it later. we had seven states that had no state income tax, but there are other states that are working in that direction. bobby jindal is trying to put louisiana there. the now republican governor of north carolina trying to bring down rates or perhaps eliminate them altogether. >> because they can attract business because you've got people in texas, louisiana and other states knows you can attract business and even chris christie in new jersey, he's trying to steal business out of illinois. same thing, he can give them better deals, better tax rates and a better quality of life for the residents there. more people have jobs in that state, the more revenue they pay to the state the better off the state is, they get it. >> if you want to work. if you want to sue people, you go to chicago and california. cheryl, thanks very much. coming up next, one of our voices from chicago weighs in on that city's cops, suing for overtime pay for blackberry use and a little later, bruce willis whose latest action movie is about to hit the theater coming out against gun control.
. they are simply willing to spend money. they gave tax cuts and never paid for them. in the end they have eroded the revenue of the government. some of it is coming back. the wars are winding down. the economy is picking up. but there is a real health care problem that we have to deal with at some point. it will take some revenue. you cannot just do it by magically saying that it will fallout of the sky. you cannot cut enough to get the debt down without talking about revenue. i think it they did a little bit here at the end of january 3. everyone gave the office and will not give again. host: this editorial from "usa today," de say that it is not a spending problem -- but "usa spend money. today," others, saying that it is. guest: let me explain. the average cost spent on a senior citizen in medicare is flat. it went up 0.4% last year. it is flat spending. the fact is that beginning in 2011, all the children born after the second world war, the so-called baby boomers, are coming on. when i came to congress in 1989 there were 35 million seniors on medicare. 30 million people altogether. we have
taxes and that is what they are saying about the sequester. can hwe can replace or delay by getting revenues in the door and that means taxes. >> greta: the whole sequester thing emerged in august of 2011 and the idea of sequestration was from the president if they didn't have a decision by the supercommittee in november. that at any time happen. it was supposed to be january of 2013. nobody has done anything. the president hasn't made sure it got doughnuts leader and they push it off to march 1 and between january 1 and march 1 all of this stuff is going to get done. zero has gotten done and the president wants another delay and says today we can't just cut our way to prosperity meaning who is going to get the taxes this time. he raised it on the rich? now, are the middle class going to get? >> they have to to get serious revenue. he is talking about we will tax corporate jets and oil and gas. that raises about $3 billion a year. the deficit next year according to the congressional budget service $845 billion. they have $3 billion in tax increases against a $845 billion deficit. th
.6% to 58.6%. >> they want their payroll tax cut. >> declined december to january. >> they want the payroll tax cut, no wonder. >> the big picture job numbers that came out try were encouraging but even business experts were looking at the big picture and seeing the economy in job growth has been sluggish and terribly sluggish for a really long time. still hovering around 8% up employment. when is this going to end? no one sees it ending soon. that is bad news overall. >>> what do you think mort? >> i think the she remains weak -- economy remains weak. as pat was saying. $25 billion a week in terms of deficit spending trying to boost up the economy. secondly, $85 billion a month, coming out of the federal reserve, the loosest monetary policy we have ever had. we can barely get the economy to grow. it was 2.4% last year, then 1.8%, if that, maybe even less this year. despite all the stimulus. so the economy is continuing slow, it is not even staying flat. >> so you are saying we are in for several quarters of low growth? >> we hope it is going to be several quarters of low growth. anything c
't be the worst thing in the world because it may be the best we can get without tax increases. they're done talking about taxes. >> they say they're done. the president will say again he wants a package of spending cuts now and a bigger negotiation he wants more revenue or tax increases. this is the president's way. he's beginning his second term. last thing he wants is disruption in the economy in the psychology, financial markets to set his second term off when he thinks things are growing. how much is baked into the marks, if you will? do they expect the sequester, as more people in washington say it's -- let's listen to the president. >> good afternoon, everybody. i want to say a few words about the looming debt lines and decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we have seen signs of this progress over the last several weeks. home prices continue to cli
in terms of the kind of things you want to see, cap and trade or perhaps a carbon tax or things like that. china and india continue to add a coal-fired power plant essentially every week. so, do you look at that and say this is -- climate change is going to happen, no matter what at this point? >> well, some climate change is already happening and will continue to happen. the physics of the problem are quite challenging. we put, well, 85% of the energy used by earth inc, it comes from fossil fuels. and the combustion of those fuels results in us putting 90 million tons of heat-trapping pollution into the atmosphere every day, as if it's an open sewer. it does obey the laws of physics. it traps enough extra energy every day to equal the amount in 400,000 hiroshima atomic bombs. and that's what's evaporating much more water off the oceans and filling the sky with a lot more water vapor and these great basins of water vapor in the sky are now filled or overflowing. you get the kind of downpours in my home city in nashville where thousands of my neighbors lost their homes and businesses, had
unpaid bills of 130 million euros, plus 40 million euros for the tax office and social insurance. employees have not been paid for three months. it was a very complicated situatio >> and no solution is in sight. 11,000 people are unemployed. one of them is jose, who has gone back to how his father used to earn a living. >> there's no alternative. i used to work in construction, but that closed down here. and everywhere else, things are very bad. >> the fight for survival has brought creative ideas. just before the border to gibraltar, a group of unemployed people have opened up a parking lots. you pay as much as you want. manuel rodriguez and 40 other families live from it. >> i have no money for a year. before that, i was unemployed for five years. i need this to survive. >> at the end of his day, he brings home 20 euros. his wife does not want to be filmed. she suffers from depression. his son is still in school. his family is not the only one fearing for survival. >> the entire quarter is in a similar situation. there is no industry here, no work, nothing. it brings you to you
's they will undermine everything you do right away. it hurts the economy. remember these guys aren't paying taxes or investing in people or investing in the next iphone, they are not trying to put the super bowl on, they are criminals. when you buy something from these people your money is going to organized criminals overseas. dagen: how do you drive that message come from nfl fans? if i want to stick jersey, nike wasn't making one, i am going to go out and find it some way somehow? >> that is a great question. we work with licensees to make sure there's merchandize the fans want that are available for them at every price point. so that they are not tempted to go out and buy something from a counterfeiter. we work hard with licensees and local businesses in new orleans and elsewhere to make sure we can meet the demands. dagen: designed it to go to the game since he is in frugal in this crackdown on counterfeiters? did you get him a ticket? >> we would love to have him. dagen: i would buy a plane ticket and 5 were you. john morton and anastasia daniels on the crackdown nfl merchandise or counterf
's urging congress to pass a similar package of spending cuts and tax reforms to delay the sequester until a budget can replace it. >> the threat of massive automatic cuts have already started to affect business decisions. deep, indiscriminate cuts to things like education and training and energy and national security will cost us jobs. >> the president's budget is late again. democrats haven't done a budge net nearly power years. none of them have a plan to replace the sequestered. the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> the president says the proposals he offered to speaker boehner late last year during the discussion about the so-called fiscal cliff are still on the table. >>> resident shot video as flames shot into the air engulfing the row house in southeast washington this morning. later, firefighters went inside that house and found the bodies of two adults. this all happened in the 1700 block of r street southeast. pat collins is there now with reaction from one neighbor who says she had concerns about that property. >> reporte
chair of the payroll tax subcommittee. it matters big time, because what they can do is attach the key stone pipeline legislation to must-pass legislation with the payroll tax. the republicans want him to do that. baucus is in favor of this. the democrats will be really upset if he goes it alone. he's been called mat baucus, the one man caucus. joan hogan the north dakota senator taken money from the energy industry. john horner of texas many taking none less than $400,000. >> there are jobs in montana. the governor of montana wants this, they want the jobs there. they're not paying a lot of attention. we're going to speaking to some people who are may go more attention to the environmental impact of this. there's a watchdog group called oil change international. we're joined today by steve increase man and by a rancher. i ewe up in new york city. gentlemen, thanks for being on "the young turks." >> thanks for having us. >> thank you. >> benjamin, i want to talk about the ranching. what is it about this pipeline and how will it affect your life and the life of people who do what you do
they are also a little bit pessimistic when. asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and that affects everybody. i know we talked a lot during the tax issues about the upper 2%, but average americans are going to be hit by putting some of the tax breaks back on -- i mean taking them off that were on, that has happened. people are already going to start feeling that one. so i think that poll sort of reflects reality. jon: kind of interesting too, he defeated hillary clinton in the race for the nomination, four or five years ago and these days according to the polls she is more popular than the president is. does that surprise you, joe? >> no. i think, l
the taxes have been taken out of the front end. truthfully we need much by research to the question. >> i would agree with that. senator enzi, we haven't done extensive research. we see powerful resource with the roth ira and the roth plan for incremental savings coupled with audio. i don't have distinctive research at this point. >> i hope we stay in effect with possibilities. what is the amount of regulation and the possibility for liability. that's it to think small businessman tony to keep them from going into this. i used to do the accounting primarily for fire when k. and do fairness testing. packets into other top executives are getting paid more in saving more versus the other people. do you have anything hessians for ways the regulation could be made simpler perhaps for small business? mr. moslander come you are dating to that. >> sure they regulation is the typical name, especially when fiduciary response ability. one of them are created and unintended positive consequences can put it elsewhere. it might be the portability possibilities difficult today to change jobs, but the fi
that involves raising taxes, borrowing more money for increased stimulus spending -- what the calls investments -- because republicans are unwilling to accede to his wishes. economy remains poor. that is what they say. republicans say just the opposite. they say because the president will not reduce taxes, because he will not cut government spending that is why the economy is poor and shouting continues. >> thank you for that update. [ laughter ] >> nice to see you. >> the president's healthcare law was supposed to make it more affordable but a glitch, so called glitch in the system could price many families out of healthcare. how did it happen? dr. mark siegle has answers for us. a fiery meeting as a new look what americans are saying about the government versus personal freedom. >> when angry people get together, this new york area. >> obviously -- assault weapons -- >> what is the penalty if you do not register. there are a lot of people setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two al
the westerners operating in the region, and if you start seeing the tax like the one that we saw in algeria, that is when to cause some impact economically you are going to see that. the other thing is there is -- i will use france as an example from the four ret base you have 10% of the french population is of some percentage in north africa whether it is first, second, third, fourth generation. you have individuals from within these groups that are sympathetic to the cause or the islamist cause in the region. if you keep this unchecked what you have is a migration flow of the attacks in europe. people with dual citizenship is, whether they are carrying a french passport or whatever passport. so you know, you've got to look at this in a holistic way. also, if we continue to allow this black market to fester, that's going to continue. a good chunk of cocaine going into europe is coming through the plains and keeps growing and growing. so there are multiple factors we can go on and on but we have to look at this holistically. the other thing is i always used the balloon theories. we've done
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deal is worked out. republicans are standing firm saying they want certain spending cuts and no new tax hikes. >> the president believes that congress ought to take action to buy down the sequester in a balanced way which we did in december so we know what the model looks like to achieve t we would work with congress on the composition of that package. >> this is no greater more imperative than to reduce the mountain of debt that is facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us and actually tackle the big problems facing this country. >> the sequester was created as a compromise between republicans and democrats on fiscal cliff the matters at the end of last year. >>> a decision today could pave the way for the boy scouts of america to allow gay scouts and scout leaders. the organize's national executive board is meeting at its headquarters in irving, texas and is expected to rule on the controversial policy today. they are facing intense pressure from all sides. so far, this morning, thousands of people ha
. you say we'll not do that. it takes off the table future tax increases. once you spend the money you will pay for it one way or another. if you cut the spending you say, you know we'll have a more efficient government, less costly government. it will not be run by taxes. it will not have a lot of debt. that is a better pro-growth environment. the private sector will drive this growth and that is the key to making it more productive. melissa: you look in the same report, it says by 2023 our deficit is going to be or our debt will be $26 trillion. 26 trillion, 16 trillion. they're both like monopoly numbers that don't really exist in the real world. why should we care about that? >> historically when countries get above 90% of their economy size, 90% of gdp they're in the danger zone where they grow more slowly, they get into financial trouble. we're at 100% right now. $16 trillion economy. $16 trillion in debt. roll the clock 10 years from now, same thing, $26 trillion economy, 26 trillion in debt. what the cbo is saying we can do nothing and live the next 10 years in perpetual potent
are a tax advisory firm. financial advisory services. in our business, since our product -- we are a product company, our business is people with knowledge, ideas, innovation, helping clients solve their most challenging management and technology problems from a round the world. we have people who have deep expertise that we need to deploy in a quick manner. timing and speed is everything. within our brought workforce, our large u.s. work force, we complement our u.s. work force with farm workers, and mobility is important. we hire people from college campuses on these is. we use immigrant visas as well and green cards. also people wanting to become citizens. we also use -- we look at people who have expertise in specialized knowledge that we need to bring into the united states. we leverage other non-immigrants as well, but it is a matter of leverage in those to insure our clients receive the most timely , modern, and technology and process, so they can innovate as best they can. we know the statistics about 20% of companies in the u.s. had emigrant founders. 40% of the fortune 500 were fou
billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people should be able to get married, too. this is yes about equality but it's also about making our society stronger. i know there are strong views on both sides of the aisle, i respect that, but i think this is an important ste
is good or bad, it is the u.s. taxpayer dollar used to further u.s. tax your interest and every time a new government comes into power, we should take that aid down to zero and build it anew. does that mean we should give everybody the same as before? maybe it does. does that mean we should give them zero? could be. does that mean we should give them more? also a possibility. the autopilot is unconscionable and that's the problem we have now is where an autopilot. i'm not talking about the contract stopping building whatever sewage plant in whatever country. obviously things are going on in pipelines in our foreign aid. the issue is the message we send, that we become hysterical. our aid must end and the answer is no, don't do it based on that. obviously that's an exit poll. they should be based on a whole array of questions relating to where the flaw, treatment treatment of minorities, economic raise, action towards allies. all of those things are known factors and it seems as everybody is sending better to do than have an aggressive oversight hearing on the question at egypt. take it dow
meeting with his party, he said he would publish all his tax declarations to clear up the scandal. >> these allegations first surfaced this week in spain's leading center left newspaper. they published account ledgers purportedly showing donations were channeled into secret payments to rajoy and other top party officials. the prime minister issued a firm denial. >> i won't need more than two words. it's also. i have never, i repeat, never received or distributed dirty money, neither in the this party nor anywhere, never. i will say it again. it's false. everything that's been said and all the allegations are false. >> according to the newspaper, the payments were mostly from builders during a construction boom when politicians granted large numbers of development contracts. it's alleged there were 11 years of payments to rajoy of $34,000 a year. the subsequent anger on the streets following spain's economic collapse is directed at politicians whom many regard as corrupt. rajoy's previous reputation for being boring but honest is under attack. prosecutors, already investigating a c
of the gas tax as the governor wanted and makes the sales tax 5.5%. it cuts the proposed $100 fee for hybrid and alternative fuel vehicles. >>> the domestic agenda today through fellow democrats in the senate. he'll speak at the caucus in annapolis. the president will talk about immigration reform and gun control among other issues during the closed-door retreat. >>> also in annapolis today, gun right activists are planning a rally. o'malley plans to it testify for the first time about his gun control plan. he's proposing some of the toughest gun laws in the country. he wants to ban assault weapons and create stricter licensing requirements for handguns. some members of his own party fear his plan is too drastic. >>> gun control activists will be on capitol hill as well. celebrities, including tony bennett and chris rock, will urge congress to pass president obama's gun control package. that legislation includes a ban on assault weapons and high-capacity ammunition mag gleans. >>> today, one of the oldest social service charities in the nation's capitol will announce it's receiving a major d
Search Results 0 to 49 of about 100 (some duplicates have been removed)